Last-minute deal saves Britain's biggest train factory from closure [Yahoo! Finance]
ALSTOM UNSP/ADR (ALSMY)
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Source: Yahoo! Finance
Alstom's plant in Derby, which employs 3,000 people and completed its last remaining trains in March , is set to be awarded a deal for 10 new commuter units after crunch discussions between Mr Harper and the French company's boss Henri Poupart-Lafarge. The new work will commence in the first half of 2025 and cover a gap in activity before the Derby plant begins construction of a fleet of express trains for the HS2 line in mid-2026. The drought period threatened the factory's viability and Alstom told unions earlier in April that a redundancy process for the 1,200 blue-collar staff had to be restarted. Mr Poupart-Lafarge travelled to London on April 16 to impress the seriousness of the situation upon Mr Harper, a source said. The breakthrough was reached when the Government agreed to finance an extra five trains for the Elizabeth Line in addition to five others that had already secured outline funding from the Treasury. Earlier talks with the Department for Transport failed to
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